Industry News
A crime victim will need a deep bench when responding to a cyber incident. While the role of brokers, privacy counsel and forensic investigators is well understood, the contribution of insurance claim professionals cannot be overlooked. A victim may have …
Via: Claims Journal
A pair of Amazon.com Inc. package delivery drones were flying through a light rain in mid-December when, within minutes of one another, they both committed robot suicide. Shortly before 10 a.m. on Dec. 16, the first Prime Air drone dropped …
Via: Claims Journal
Binance and Kraken are among major crypto exchanges that have been targeted by the same type of social-engineering hack that was recently disclosed by Coinbase Global Inc., according to people familiar with the situation. Both digital-asset platforms were able to …
Via: Claims Journal
U.S. aviation safety regulators are investigating a communications outage affecting flights approaching Denver International Airport earlier this week, the latest in a series of glitches that have put a spotlight on the nation’s aging air traffic control system. Part of …
Via: Claims Journal
The Florida Supreme Court on Thursday declined to consider a petition in a condominium insurance case, leaving in place conflicting rulings from Florida appeals courts. The non-decision in American Coastal Insurance vs. Patios West One Condominium Association, stemming from a …
Via: Claims Journal
Beyond the $400 million the company expects it will cost, this time the victim was arguably the most influential U.S. company in the industry.
Via: Claims Journal
The Environmental Protection Agency said that it plans to weaken limits on some “forever chemicals” in drinking water that were finalized last year, while maintaining standards for two common ones. The Biden administration set the first federal drinking water limits …
Via: Claims Journal
The family of a former Boeing quality control manager who killed himself after lawyers questioned him about his whistleblowing on alleged jumbo jet defects has settled a lawsuit against the aircraft maker. Details of the settlement over John Barnett’s death …
Via: Claims Journal
Nestle SA, Shell PLC, Abbott Laboratories and a handful of other companies say they didn’t coordinate an advertising boycott of Elon Musk’s X following the billionaire’s purchase of the social media platform, refuting claims made in a lawsuit. Lawyers for …
Via: Claims Journal
A federal jury in Delaware said on Thursday that biotech company Amgen owes competitor Regeneron more than $406 million for engaging in anticompetitive behavior to increase sales of its cholesterol-reduction drug Repatha at the expense of Regeneron’s rival drug Praluent. …
Via: Claims Journal